Temporary Top Was Formed in AUD/USD

Trading in the pair is neutral for consolidation, as a temporary top was formed at 0.7988. Pivot points are at: (S1) 0.7907; (P) 0.7947; (R1) 0.7998.

Further increase in the pair is awaited. Overcoming of 0.7988 will target 100% projection at 0.8335.

Corrective recoil from 0.6826 is developing into a medium term growth. Further increase in the pair is awaited to 55 month EMA (now at 0.8100) and above. Overcoming of support 0.7328 will point out completion of the recoil.